Hanover appointed Richard W. Lavey as CEO‑Elect with the intent that he will succeed John C. Roche, who will retire as President, CEO and board member effective December 31, 2026.
| IndividualJohn C. RocheRichard W. Lavey | RolePresident and Chief Executive Officer; Board memberCEO‑Elect; Executive Vice President and Chief Operating Officer | Type of ChangeRetirement (and departure from Board)Appointment as CEO‑Elect; intended succession to CEO | Effective DateDecember 31, 2026 (retirement); will remain as employee in advisory capacity through January 8, 2027Named July 15, 2026; Board intends to elect him to the Board effective January 1, 2027; to become CEO upon Roche's retirement | ReasonRetirement; not related to any disagreement with the CompanySuccession planning in connection with Roche's retirement | Replacement InfoWill be succeeded by Richard W. LaveyN/A | Background DetailsN/AAge 59; EVP and COO since March 2025; prior roles include EVP & President, Hanover Agency Markets (2017–2025), Chief Growth Innovation Officer (Feb–Nov 2017), President, Personal Lines (since 2014), CMO (since 2011); joined Company in 2004 with prior experience at The Hartford and The Travelers | Board/Committee Role ChangesWill retire as member of the Board effective December 31, 2026Board intends to elect him as a member of the Board effective January 1, 2027 |
Original SEC Filing:
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